2020-October-27 00:48
2020-October-13  11:04

Iran’s Chief Banker Hopeful about Unblocking Frozen Assets in Iraq

TEHRAN (FNA)- Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said that Iran and Iraq are cooperating on joint mechanisms to release Tehran’s funds in Baghdad.

Hemmati said that Iran has remarkable financial resources in the Iraqi banks due to exporting electricity and gas to the neighboring country.

He made it clear that during his ongoing visit to Iraq, the country’s officials have assured him to unfreeze Iran’s funds.

Hemmati arrived in Baghdad on Monday to meet with Iraqi officials and Prime Minister Mustafa Al-Kadhimi.

In relevant remarks last week, he had blasted the US for imposing sanctions on Iranian banks, and said that some of the sanctioned banks were handling imports of food and medicine and worked with foreign banks which still hold all the necessary waivers from the US government.

"Although in the past months we have been in dire need to provide medicine and food to the people due to the maximum pressure, so far we have not allowed any shortage to be felt in the country," Hemmati said.

He reiterated that from now on, the CBI along with the private sector will make every effort to supply medicine and basic goods needed by the people and will not allow more pressure to be put on the people in this area.

"This shows that the claims of human rights and humanitarianism by the leaders of this country are false and deceptive, and such actions will definitely be recorded in the memory of the Iranian nation," Hemmati added.

The US Treasury Department's Office of Foreign Assets Control on Thursday imposed sanctions on 18 Iranian banks and financial institutes in a move to bring the Iranian people to their knees.

The Trump administration decided to impose new sanctions on Iran's financial sector in defiance of European allies who warned that the move could have devastating humanitarian consequences on the country.